Sodastream International Ltd (SODA) Shares Bought by Eqis Capital Management Inc.

Sodastream International Ltd (SODA) Shares Bought by Eqis Capital Management Inc.

Eqis Capital Management Inc. raised its stake in Sodastream International Ltd (NASDAQ:SODA) by 23.3% during the first quarter, Holdings Channel reports. The firm owned 14,832 shares of the company’s stock after buying an additional 2,802 shares during the period. Eqis Capital Management Inc. owned 0.07% of Sodastream International worth $718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Allianz Asset Management AG acquired a new position in shares of Sodastream International during the fourth quarter valued at $242,000. Cavalier Investments LLC acquired a new position in shares of Sodastream International during the fourth quarter valued at $261,000. Origin Asset Management LLP acquired a new position in shares of Sodastream International during the fourth quarter valued at $304,000. Bayesian Capital Management LP acquired a new position in shares of Sodastream International during the fourth quarter valued at $339,000. Finally, USA Financial Portformulas Corp acquired a new position in shares of Sodastream International during the fourth quarter valued at $511,000. Hedge funds and other institutional investors own 41.54% of the company’s stock.

Shares of Sodastream International Ltd (NASDAQ:SODA) traded down 0.62% on Friday, reaching $55.68. The company had a trading volume of 309,854 shares. Sodastream International Ltd has a 12 month low of $14.71 and a 12 month high of $56.39. The firm has a market capitalization of $1.21 billion, a PE ratio of 26.90 and a beta of 1.27. The firm’s 50 day moving average is $51.32 and its 200 day moving average is $42.28.

Sodastream International (NASDAQ:SODA) last posted its earnings results on Wednesday, February 15th. The company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.41. Sodastream International had a return on equity of 9.60% and a net margin of 6.92%. The business had revenue of $131.80 million for the quarter, compared to analysts’ expectations of $124.75 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s revenue was up 16.7% compared to the same quarter last year. On average, equities research analysts expect that Sodastream International Ltd will post $2.22 earnings per share for the current fiscal year.

Several research analysts recently weighed in on SODA shares. Zacks Investment Research upgraded Sodastream International from a “sell” rating to a “hold” rating in a research note on Wednesday, January 18th. Jefferies Group LLC restated a “hold” rating and set a $50.00 target price on shares of Sodastream International in a research note on Wednesday, April 26th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $60.00 target price (up from $58.00) on shares of Sodastream International in a research note on Tuesday, April 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.40.

Sodastream International Company Profile

SodaStream International Ltd. is a sparkling water company. The Company manufactures, distributes and sells home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The Company’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA).

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